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Chap 16: Integrated Marketing Communications Overall objectives: • Help generate _____________ • Communicate _________ Promotion Tools (p. 304; 309): Advertising, Sales Promotion, Public Relations, Personal Selling, Direct Marketing Promotion Strategy Integrated marketing communications (IMC) p. 311 Present a __________ message about the product/company by ___________ all elements of the promotion mix Promotion Tools • Advertising: Reaches Many Buyers, Repeats Message Many Times, _______________ ___________ • Personal Selling: Personal Interaction, Relationship Building, __________________ • Sales Promotion: Wide Assortment of Tools, Rewards Quick Response, _________________ • Public Relations: Very Believable, Dramatize a Company or Product, _______________ • Direct Marketing: Interactive Nonpublic, Immediate, Customized, Figure 16.2: Cost-Effectiveness of Different Promotional Tools at Different Buyer Readiness Stages Developing Strategies: Advertising _______________: finding the most cost-effective media to deliver the desired number of exposures to the target audience What is the most effective way of spending advertising dollars? Developing Strategies: Advertising Expose a sufficient number of targeted customers (_____) to the firm’s product and Expose them enough times (_________) to the product to produce the desired effect ______: which medium provides “most bang for your buck?” Developing Strategies: Advertising Where should the business advertise? What is the impact of the following media? Newspaper, TV, radio, billboard, yellow pages, internet, etc.? Marketplace Grill (Conway) Developing Strategies: Sales Promotion Creating an _________ to buy: Attract new buyers; reward loyal customers; increase repurchase rates of existing customers Developing Strategies: Public Relations (p. 322) Assist in the launch of new products Assist in the repositioning of a mature product Build corporate image Company does not pay for space or time obtained in the media; it pays only for a staff to develop and circulate stories and manage certain events Developing Strategies: Direct Marketing (p. 323) Consumer direct channels to reach and deliver goods and services to customers without intermediaries Benefits: convenient and hassle free; saves time; allows comparative shopping Unable to physically examine product before purchase Challenge: Communication must “capture” customer